Ian Stannard
Ian Stannard
Ian Stannardis an English track and road racing cyclist for UCI ProTour team Team Sky...
against confidence consumer dollar keeping losses number recent strong
The yen has retraced some of its recent losses against the dollar, but expectations of a strong U.S. consumer confidence number are keeping the dollar broadly supported.
economy higher interest keeping moving outlook rates
The outlook for interest rates is still positive. Canada's economy is still moving ahead, keeping expectations of higher rates alive.
coming factors few holding namely renewed supportive ultimately
Ultimately we will see sterling coming under renewed pressure. There are few supportive factors which are just holding it in place at the moment, namely M&A activity.
dollar gain minutes rather similar stay supported tone
If the minutes are in a similar tone to that of the FOMC statement, then the dollar should stay supported rather than gain significantly.
clearer fact investors provide returned seem signs
Investors do seem to be comfortable with the Koizumi agenda. The fact that there are ever clearer signs that he is going to be returned is going to provide the yen with support.
continues news
The news from the U.S. continues to come out encouraging for the dollar,
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The backdrop for the dollar is negative. G-7 comments were negative while the foreign reserves issue has come back into focus and is going to be a long term negative factor.
comments economy european growth helped improving inflation raised rate requires thinks
They've raised their inflation and growth forecasts, which suggests that the ECB thinks the European economy is improving and requires more rate hikes. These comments have helped the euro.
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The sentiment is turning dollar negative -- probably the biggest factor putting the dollar under pressure is the rise in oil prices and rise in gold prices.
impact katrina message officials
The message from officials is that the impact from Katrina will be limited.
adjustment believe dollar event further minutes peak putting rates seen suggesting
The minutes are a very important event today, with any adjustment suggesting that the peak in rates is close, as we believe it is, seen putting the dollar under further pressure.
asian bit dollar hints
As well as hints from Asian authorities that they are going to diversify, we now have the U.S. acknowledging it. It's going to put the dollar under a bit of pressure.
adding euro pressure problems today
The euro is under pressure already today and this is adding to its problems.
concerned fed interest market possible rate whether
The market is still concerned about the interest rate and whether the Fed is on a possible pause.